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Management Leadership for Tomorrow

SBA PPP loan assistance

Most college graduates of color don’t land career path jobs. COVID will exacerbate the problem. MLT is seeking funding to ensure its fellows achieve the economic mobility expected of a college degree.

Posted April 21, 2020

Background & Context

Given the COVID crisis, MLT is assessing the potential economic fallout and concerned about potential revenue challenges. We have been pursuing multiple routes with SBA lenders, so far unsuccessfully, and are seeking guidance/insight on how to obtain a loan/grant. The funding will allow us to continue our work unabated.

Immediate Problem

We are managing carefully and hoping not to have to make material budget cuts. The funding would provide necessary relief so that we can focus on delivering outcomes for our fellows.

Work & Deliverables

We are looking for guidance/insight and potentially connections that will enable us to secure funding. We understand that companies that have more robust support (powerful lawyers & accountants) are securing funding while others are left behind.
Project Plan

Preparation Phase

Details to be provided at a later date

Collaboration Phase

  • Provide recommendations to MLT
  • Assess what other orgs are doing that has been successful
  • Review what has already been done by MLT

Wrap Up

  • Ideally, assess what MLT needs to demonstrate to convert loan to grant within the specified period

This project is complete!

This project has been completed thanks to the efforts of our volunteers.

Visit the Project Directory to check out other projects that still need your help!

Additional Information

  • Time Commitment: 1-5 hours
  • Training Provided: No
  • Site-Preference: Remote
  • Bar License(s) required: Any Bar License
  • Required Languages: None
  • Mentoring Provided: No
  • Supervision Provided: No
Management Leadership for Tomorrow

MLT equips and emboldens high-achieving women and men from underrepresented communities – African American, Latino/a and Native American – to realize their full potential, to make a mark and make a difference. We are specifically focused on ensuring that college students effectively navigate college to land college-degree jobs and achieve the lasting economic mobility expected from a college degree, which is still out of reach for too many college graduates of color.

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